The Wealth Stream Podcast

Tim discusses wealth preservation, wealth enhancement, wealth transfer, wealth protection, and giving to charity as key concerns for the wealthy, and shares his insight about how to approach each concern.

Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Are you busy serving clients, managing operations, and growing your business? It’s time for you to take a step back and think about your exit strategy—even if it’s still years away. In this episode, Tim Scannell discusses why it is never too early to start your succession planning.

Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

Tim introduces Donald Stellin, a financial advisor at HGL. Don shares his love for not only helping his clients achieve their financial goals, but also his love of skiing and deep involvement in the sport.

Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

Tim shares three critical wealth planning mistakes he sees family business owners make. Tim walks you through each mistake and provides an example that showcases the types of issues that may arise.

Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

Samantha is in the hot seat as she takes the lead in interviewing fellow team member Wes. In this episode, Wes describes his journey to becoming a CFP and shares the challenging side of helping people with their financial needs.

Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

Policy changes can affect numerous things, and for Blair, knowing everything there is to know is something he strives to be on top of when those changes inevitably happen. In this episode, Blair shares a bit about his history as an advisor and how he approaches his work.

Hightower Advisors, LLC is an SEC registered investment adviser. Securities are offered through Hightower Securities, LLC, Member FINRA/SIPC.

Being a business owner can get lonely. When you want to talk about ideas, it’s better to discuss with your peers.

In this episode, Tim Scannell talks all about mastermind groups, shares details about a group he is running, and how mastermind groups come to fruition. Tim explains the process of forming a mastermind group and why he sees so much value in them.

Tim discusses:

• Four things Tim considers when creating a mastermind group
• Why commitment & confidentiality are so important within the group
• Why female CEOs & entrepreneurs often have more issues finding peers they can bounce ideas off
• The discovery process of a mastermind group
• And more

Resources: 

The Wealth Stream Podcast Episode 39 – Using Mastermind Groups to Leverage Your Success

Connect With Tim Scannell:

• [email protected]
• 219-246-5370
• HightowerGreatLakes.com
• Tim Scannell on LinkedIn
• Tim Scannell on Twitter

Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

At a year under lockdown, new and innovative virtual platforms have now made several opportunities accessible from the comfort of your home.

We believe that this virtual trend is here to stay.

In this episode, Tim Scannell takes a break from the financial planning side of things. Instead, he shares exciting virtual opportunities that he has either experienced firsthand or learned from his clients. Whether it’s traveling, learning, exploring nature, or attending various eating and drinking events – the virtual world has a variety of amazing things to offer.

You will learn:

• How modern VR technology provides an unbelievably realistic travel tours
• Interesting online events that you can attend to enrich your eating & drinking experience
• Why virtual kid-friendly programs are a great way to instill curiosity and a passion for learning in your children
• How globally renowned universities are extending useful e-learning resources
• And more!

Tune in to learn how you can pursue your passion or hobbies through the new virtual world!

Resources: Hightower Great Lakes: (219) 246-5370 | Tim Scannell on LinkedIn | [email protected] | Road Scholar | Explore.org | Mei Mei Boston | Shedd Aquarium | Explore Fairbanks Alaska | Masterclass | Section4 | Class Central

Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

Have you heard of the “pandemic puppy?” The pet adoption rates saw a sharp spike during COVID-19. After all, a furry friend would make the lockdown less lonely, right?

But – owning a pet comes with several financial responsibilities!

In this episode, Samantha Pietruszynski, an associate wealth advisor at Hightower Great Lakes, helps you navigate through life as a pet owner. Samantha shares her own experience in raising two pets, a cat and a dog, and discusses some of the major costs involved, both upfront and ongoing. She also provides several tips to help you budget for these costs so that you can make sure your pet gets everything it needs!

You will learn:

• Why Samantha is a big fan of adoption vs. buying from a breeder
• The importance of obedience training to avoid long-term behavioral issues
• How subscription services significantly cut down your ongoing costs like food and toys
• Ways to ensure that your pet gets a healthy amount of social interaction
• Reasons to get pet insurance as early as possible
• And more!

Tune in to better understand the financial implications of owning a pet!

Resources: Hightower Great Lakes: (219) 246-5370 | Tim Scannell on LinkedIn | [email protected] | Samantha Pietruszynski on LinkedIn | Contact Samantha: (219) 246-5709 | Email: [email protected] | Chewy | BarkBox | PupBox

Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.

When you’re planning to sell your business, it’s extremely important to factor in the impact of taxes – both on the federal and the state level. 

In this episode, Tim Scannell is joined by returning guest John Wiktor, head of the Trusts and Estates Group at HMB Legal Counsel. John dives into the tax-planning side of every business sale, and talks about how you can minimize your state taxes by either changing your residency or through trust planning.

You will learn:

• How the new tax proposal under the Biden administration, if passed, affects your capital gains taxes.
• The importance of reviewing your business structure before planning the sale
• Why you should start planning at least a year prior to your exit
• Things you need to consider before changing your residency to a new state
• How to use various trust funds to optimize your business sale without having to move
• And more!

Tune in now to learn how you can make your business sale highly tax-efficient by planning well ahead of time!

Resources: Hightower Great Lakes: (219) 246-5370 | Tim Scannell | [email protected] | John Wiktor | HMB Legal Counsel | Episode 32 – Answering the Top Questions About Advanced Planning for Your Estate — With John Wiktor

Hightower Advisors, LLC is an SEC registered Investment advisor. Securities are offered through Hightower Securities, LLC, Member FINRA/SPIC.